Missouri Contractor Sentenced for Fraud Scheme

 Missouri Attorney General Catherine Hanaway announced that a contractor has pled guilty to defrauding consumers through his residential contracting business.


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Gene M. Matlock, owner of Matlock Construction, pled guilty on August 17 to one felony count of deceptive business practices and one felony count of stealing.


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According to the investigation, Matlock solicited large, upfront payments from consumers for home‑construction and contracting services.


After receiving payment, he either performed negligible work before abandoning the projects or failed to complete any work or deliver any materials, leaving customers without the services they paid for and facing significant financial losses.


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As part of his guilty plea, Matlock was sentenced to four years in prison on the deceptive business practices conviction and five years on the stealing conviction.


The Court also ordered him to pay $191,975 in restitution to victims. This restitution amount includes every victim identified by the Attorney General’s Office, not only those named in the criminal case.


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Matlock was additionally placed on a five‑year term of supervised probation.


While the list added new agencies, there were again agencies that fell off the ranking due to acquisitions, including: Accession Risk Management Group (no


w part of Brown & Brown); AssuredPartners (now part of Arthur J. Gallagher); The Buckner Company (now part of BroadStreet); CAC Group (now part of Baldwin Group); Kaplan


sky Insurance (now part of Alera Group); Tompkins Insurance Agencies Inc. (now part of Arthur J. Gallagher); Atlas Insurance Agency (now part of Marsh); and TWFG, which launched its public-company debut in 2025.


The Top 100 list continues to change each year as many agencies that were once privately held turn to large public brokers and private equity groups to grow and expa


nd services. While the most active buyers over the past several years have significantly slowed M&A activity, the pace increased for emerging private equity firms, says OPTIS Partners (see page 8).

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